WarnerMedia expanding West Side presence

The Real Dealreported Wednesday that the company—part of AT&T through a 2018 megamerger—has signed a lease for 20,000 square feet at an office building at 512 West 22nd Street. The 11-story office tower near the High Line was recently completed by Vornado Realty Trust.

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WarnerMedia already leases approximately 1.5 million square feet nearby at Related Cos. and Oxford Properties’ Hudson Yards. WarnerMedia initially held a stake in its Hudson Yards office but sold its part in the property to Related and partner Allianz SE in April for $2.2 billion. The sale-leaseback deal is the largest property sale of 2019, by price tag.

WarnerMedia will use the 22nd Street office as an Innovation Lab, according to The Real Deal, with a technology incubator and a space to showcase products to customers.

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